if you want to gamble on daily trades, stress out over every possible thing that effects price (which no one truly understands all aspects of), and pay the associated capital gain tax per transaction then i think youre correct that bitcoin can offer higher gains in the short term (hell it was 6600 last week and is at 7725 right now. XRP now has a market value of about $22 billion, while Polkadot, an open-source multichain protocol that enables the cross-chain transfer of any data or asset type, had a market value of $14.6 billion. 4 days ago. Press question mark to learn the rest of the keyboard shortcuts. I really believed in it's potential but lost interest in the cypto world when it tanked. tbh i dont really care about the next weeks. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. Reddit should use XRP instead of ETH for tokenization. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. Bitcoin is tackling a pivotal level as a new week begins but is taking a back seat to Dogecoin and now XRP — what’s next? Bank of America, against Bitcoin and on Ripple!!!! Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. In his analysis, he explores one situation where XRP could surprise everyone in 2021 by having its best year since 2017. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. The cryptocurrency XRP is skyrocketing, up 61.8% since … In the very recent, Vitalik preferred ripple (XRP) over bitcoin (BTC). XRP is once again above the $0.25 price area and could be in consolidation Crypto analyst Timothy Peterson, has shared a recent analysis of XRP. I understand that the federal reserve, the European union and many other huge players are planning on digitizing currencies using the Ripple protocol but as far as I understand they're not going to be using xrp, they're going to use their newly created digital currency. Using XRP, banks can source liquidity on demand in real time XRP has experienced some impressive price volatility lately. For this reason I think we've reached the bottom for XRP and we're on the way up again following Bitcoin. Gotcha. Users can earn “community points” for creating quality content, which can be used for special features such as special badges, custom GIFs, and other premium features. XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors.. XRP/USD 1-hour candle chart (Bitstamp). Not only will XRP soon be the only crypto out there with regulatory clarity, but it's also designed to play nice with anti money laundering regulations straight out of the box. Once we win this case, that's us. by Neer Varshney. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. What was the point of this post again? I know that you couldn't possibly mean to be sarcastic, so, simply, my point is that while I'm balanced 50/50 between XRP and Bitcoin, I think that Bitcoin will significantly outperform XRP and almost every other cryptocurrency until at least up to when the Bitcoin ETF is approved and announced. Markets Report: Elon Musk’s Bitcoin endorsement fizzles as Reddit takes on XRP, Dogecoin Slow progress for Bitcoin even after an endorsement from Elon Musk allows two altcoins in particular to steal the show By Anthony Bevan / February 1, 2021 The fact is Ripple shills make it seem like XRP is adopted and being used. 173k Bank of America, against Bitcoin and on Ripple!!!! Ripple itself has realized this and is in their words "ATTEMPTING" to market differently. Ripple (XRP) Announces Partnership With Bank of America. Today's market wide sell-off was apparently caused by a potentially erroneous tweet by a 'Shady' twitter account, regarding the U.S Treasury going after large financial institutions for money laundering via crypto. I also understand that this will eventually replace swift transactions because it's cheaper, faster and more efficient. I've watched plenty of youtube videos (bearable bull is my fav) but still do not fully understand how Ripple can influence xrp price. Be a bridge asset, the main point of xrp. I'm invested into xrp, but im also invested into other coins like ada, eth and bitcoin. In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively … Ben Myers | Analysis | Sunday, 21/02/2021 | 16:20 GMT+2 2021-02-21T14:20:39+00:00 2021-02-22T06:55:14+00:00. Finance Magnates Telegram Channel; In a historic week for Bitcoin, let’s take a look back at the biggest news stories from … However, it appears that the next market driver will be the Bitcoin ETF announcement, whenever it takes place and the rest of the alt coins (everything not Bitcoin), will underperform Bitcoin in the run up to the ETF announcement, whether that's in a week or in month's. Share this article. User account menu. Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56%. The individual price doesn't matter so much as the market share. While I love the soul of Bitcoin, the anonymity of Monero, and the various pros and cons of many of the other coins out there, I think big investment will favour companies and currencies safest from trigger-happy regulators. 91. The digital currency caught the attention of r/SatoshiStreetBets, a crypto-focused Reddit group. Vitalik’s past activity related to the support for ripple (XRP) was also brought up by people. Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle. Ripple also aims to make cross-border payments far more efficient for these large payment providers. Press question mark to learn the rest of the keyboard shortcuts. if you want to passively invest in order to make money long term while not give yourself a coronary by looking at monthly/weekly/daily/hourly chart analysis, then i pick xrp over bitcoin. License. Press J to jump to the feed. https://thecryptobasic.com/2021/04/18/shady-twitter-account-fxhedge-tweet-erased-288-billion-from-crypto-market/. Furthermore, XRP could outperform Bitcoin … TradingView data showed that the intense volatility set in for XRP/USD during Monday’s trading hours after the now notorious Reddit group r/Wallstreetbets decided to purchase the token en masse.. After hitting $0.75, losses started to escalate steadily, with the downside increasing until XRP bounced off a low of $0.39—48% below the top. Modern Consensus takes a look at the state of the market and what might be in store for Bitcoin in the coming days. The group started discussing XRP and a huge demand … All very good points. without having to pre-fund nostro accounts. XRP is the base currency for the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes. If a handful of big name banks start using XRP and Xrapid then we will separate and start to take over that number one spot. Elon Musk’s Tesla bitcoin purchase sent it soaring to a record high on Monday. I posted last week that I look at Weekly snapshots of XRP vs BTC. I even bought 3000 more last week. Continue browsing in r/Ripple. Crypto weekend: Ripple (XRP) price doubles on SEC response, Reddit pump San-Francisco-based fintech firm Ripple has responded to the Securities and Exchange Commission, resulting in a surge of over 100% for its XRP token prices. They must still have red ass from the 2017 bull run's mac daddy percentages over Bitcoin. I hear what you are saying and maybe in future XRP will outperform Bitcoin, but, generally speaking, the trend and the crowd are usually correct. Can be centralised but not in ripples case as validating nodes have been delegated. Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. In return, I bought more XRP with the last of my btc profits. I held on to it on my digital wallet and forgot about it. But do you think XRP is at bottom yet? Interesting post and I agree. Can someone kindly shed light on how one affects the other? XRP was built for speed and cost-effectiveness so that it may serve as a viable alternative to SWIFT, which currently manages the movement of approximately $5 trillion per day. save. Bitcoin is a distributed, worldwide, decentralized digital money. r/Ripple. hide. Cons . So ignore the fud that xrp is centralised. Just my thought. And I largely agree, but, I don't see any way that XRP outperforms Bitcoin up to ETF announcement and it would give me more Bitcoin to buy XRP. Pros of dBFT fast, scalable. We saw Bitcoin double in a few weeks , ultimately hitting a new high above $40,000. Along with Bitcoin and Ethereum, XRP (Ripple) is one of the top giants of the cryptocurrency market. Following on from a 4.40% gain from the previous week, Bitcoin ended the week at $60,032.0.A mixed start to the week saw Bitcoin rise to a Tuesday high $59,499.0 before hitting reverse.Falling well short of the first major resistance level at $60,676, Press J to jump to the feed. I'm split 50/50. We’re in this for the long haul guys, so don’t be discouraged. 20 comments. So BTC is your gold and XRP is the cash in your wallet, credit card and bank account! Compare Bitcoin vs XRP - Best cryptocurrency compare tool ever, Compare cryptocurrency with last 1 hour, 1 day or 24 hours & 7 days comparison Rule 3: No FUD, Scare Tactics, and Marketing Hype, Rule 4: Use Suitable Titles and No Excessive Caps, Rule 5: No Spamming and No Low-effort Contents, Rule 6: Use Search Before Posting Basic Questions, Rule 8: No Illegal Activities and Illicit Contents, Rule 9: Do Not Scrape, Plagiarize | Include Source, Press J to jump to the feed. If we are talking consensus and development. 117. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. 20 days ago. Your opinion? That being said I fucking hate the xrp community, especially the xrp youtubers. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. XRP is now the third most valuable cryptocurrency in the world with a market cap of more than $26 billion. Source: TradingViewXRP traders nurse 48% losses Data from Cointelegraph Markets and TradingView showed extreme volatility set in for XRP/USD during Monday trading, hours after a now-infamous Reddit group … The company is clear that XRP is not meant to be an investment in the same way others may treat bitcoin: Private exchanges and liquidity providers may choose to hold additional XRP for trading. Btc would then be 380bil which is a 5% drop for btc and a 100% increase for xrp. 117. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). report. January 31, 2021 9:22 pm. thats a major short term gain) . BitcoinBitcoin, BTC to USD, rose by 3.08% in the week ending 11th April. However, in December 2020, the U.S. SEC issued a lawsuit against the XRP cryptocurrency project. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Saw how low the price dipped, and just started laughing my ass off. Bitcoin $50k, XRP Whales, Binance Coin, ThinkMarkets Japan: Editor’s Pick ICYMI: The biggest news stories of the week. Add to this the growing fear of the SEC swooping in and declaring whatever they like a security, and crypto is understandably unattractive to some investors. As Reddit users shift their focus from stocks to silver and crypto, hope is rising about Bitcoin becoming the ultimate beneficiary. https://thecryptobasic.com/2021/04/18/shady-twitter-account-fxhedge-tweet-erased-288-billion-from-crypto-market/, Ripple’s Ultimate Strategy; why XRP will increase in value, List of Ripple Partnerships and RippleNet Implementations. Bots might pull XRP up along with Bitcoin, but if all the bot users expect BTC to take off and leave alts behind, maybe you'll be waiting a bit longer for an XRP rise. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. Today is an excellent example. So Banks do not need XRP, they don't want XRP and they cannot use XRP. Posted by. So btc would have to go from 400bil to 800bil to double while xrp would only need to go from 20bil to 40bil. Since that … A present which seems valuable but which in reality is a curse. Close. 8 days ago. Fast forward 3 years later and it's really starting to take off again. I bought close to 6000 xrp in mid January of 2018. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days. XRP price jumped as much as 15%, while bitcoin and ether traded near record highs. Half of them are con artists for example this guy named bearabull, he clearly has no idea wtf he's talking about and he's been wrong on every prediction since he came out. share. Photo: FM. New comments cannot be posted and votes cannot be cast. It is not. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. The affiliation of Vitalik Buterin, the co-founder of ethereum, with ripple (XRP) was popular on many social platforms including Reddit and Twitter in the last twenty four hours. XRP like bitcoin can be used for payment but it's much more feature rich and can be used to transfer value I.e. This fact alone makes us take a closer look at the Ripple project. ‍♂️ Log In Sign Up. Enter Ripple and XRP. My thought is that they will be coupled until banks use XRP, and I think it will need to be more than just one, i.e. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. i c are about my investment over the next 5 to 10 years. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. Why XRP Is Skyrocketing As Dogecoin, Bitcoin, Others Retreat. . Two new ERC20 tokens of Reddit “MOON” and “BRICK” tokens will be issued for the distribution of the community points. We'll see who's laughing last. It needs to reach 7 dollars to take over Bitcoin in market cap, I think however the comparison is not fair, BTC is a store of value and will always be the king “ first mover advantage” Ripple/ XRP trying to be the day to day transaction method in daily financial processes. without having to pre-fund nostro accounts. I paid 2.92$ . without having to pre-fund nostro accounts. Using XRP, banks can source liquidity on demand in real time your not wrong, but thats because bitcoin and xrp are still coupled and bitcoin dictates the market. This may refuel the narrative that crypto is dangerous, and adoption by larger financial institutions not worth the risk. Ripple Labs has indicated that XRP is 57,000 times more environmentally friendly than Bitcoin (BTC). A year later, Chris Larsen, Arthur Britto, and David Schwartz joined McCaleb’s team. Before the Reddit rally started, investors were flooding into Bitcoin and its cryptocurrency peers. It's being used for a bunch of pilot programs. But once again, countries will be using their own Ripple protocol to transfer and exchange currencies at the same time. Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion . Using XRP, banks can source liquidity on demand in real time https://ripple.com/compliance/. WARNING: 4 ~ 5 years account age. Ripple provides a blockchain solution which tries to solve the problems that have hampered the financial industry over the decades: slow transaction processing speeds, high transaction costs, and unreliability. Early success in showing these solutions is why major financial institutions have been quick to partner with the Ripple pl… Press question mark to learn the rest of the keyboard shortcuts. Bitcoin up, everything else down. (Photo by S3studio/Getty Images) 2018 S3studio. 0 - 40 comment karma. XRP traders nurse 48% losses. It was helped a little by Redditors pumping the asset as they previously have with GME stock and Dogecoin. 7 days ago. 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The Ripple project having its best year since 2017 silver and crypto, hope rising! More XRP with the last of my btc profits the support for Ripple ( ). I also understand that this will eventually replace swift transactions because it 's cheaper faster. Giants of the market, or economics Myers | analysis | Sunday, 21/02/2021 | 16:20 GMT+2 2021-02-22T06:55:14+00:00!